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Frequently Asked Questions
COMPETITIVE BIDS VS.
BUDGET ESTIMATES
Budget Estimates:
The early estimates developed during the planning phase. These numbers are based on historical and current market conditions of projects that are similar in size and scope.
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Competitive Bids:
The actual costs that come in once design is completed. Individual contractors then give their best price based on the completed drawings; ensuring every contractor is bidding on the exact same scope.
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